Affirm (NASDAQ:AFRM) Given New $75.00 Price Target at Deutsche Bank Aktiengesellschaft

Affirm (NASDAQ:AFRM) had its price objective lifted by equities researchers at Deutsche Bank Aktiengesellschaft from $45.00 to $75.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 6.08% from the stock’s previous close.

A number of other research firms have also recently weighed in on AFRM. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, October 8th. Mizuho lifted their price objective on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $22.00 to $37.00 in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Affirm in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $58.21.

Affirm Trading Up 2.8 %

Shares of NASDAQ:AFRM opened at $70.70 on Monday. The company has a market capitalization of $22.20 billion, a PE ratio of -49.79 and a beta of 3.66. Affirm has a 12-month low of $22.25 and a 12-month high of $72.82. The business has a 50 day moving average of $54.98 and a two-hundred day moving average of $40.74. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The firm had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same period in the prior year, the firm posted ($0.57) earnings per share. As a group, analysts forecast that Affirm will post -0.53 EPS for the current year.

Insider Activity at Affirm

In related news, President Libor Michalek sold 100,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $62.00, for a total value of $6,200,000.00. Following the sale, the president now directly owns 159,449 shares in the company, valued at approximately $9,885,838. The trade was a 38.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert O’hare sold 79,039 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $70.01, for a total transaction of $5,533,520.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,380,667 shares of company stock worth $88,399,613. Insiders own 12.41% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in shares of Affirm by 2,305.3% in the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after purchasing an additional 187,790 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Affirm in the 3rd quarter valued at approximately $1,419,000. Quest Partners LLC purchased a new position in Affirm in the 3rd quarter valued at approximately $391,000. International Assets Investment Management LLC acquired a new position in shares of Affirm in the third quarter worth $731,000. Finally, Entropy Technologies LP purchased a new stake in shares of Affirm during the third quarter worth $464,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.